{
  "crd_number": 155263,
  "slug": "capital-wealth-advisors-ltd-west-bend-wi-155263",
  "primary_business_name": "CAPITAL WEALTH ADVISORS, LTD.",
  "legal_name": "CAPITAL WEALTH ADVISORS, LTD.",
  "dbas": [],
  "city": "West Bend",
  "state": "WI",
  "country": "United States",
  "cbsa_code": "33340",
  "metro": {
    "cbsa_code": "33340",
    "common_name": "Milwaukee",
    "msa_name": "Milwaukee-Waukesha, WI",
    "path": "/advisors/wi/milwaukee"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-04-01",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-03-25",
  "carried_forward": false,
  "raum_total": 126107540.0,
  "raum_discretionary": 126107540.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 2,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 58268577.0,
      "count": 147
    },
    "high_net_worth_individuals": {
      "raum": 67838963.0,
      "count": 38
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "pension_consulting",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "TX",
    "WI"
  ],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/155263",
  "city_as_filed": "WEST BEND",
  "url": "https://advisorcensus.com/firm/capital-wealth-advisors-ltd-west-bend-wi-155263",
  "display_name": "Capital Wealth Advisors, Ltd.",
  "summary": "Capital Wealth Advisors, Ltd. is an SEC-registered investment advisory firm in West Bend, WI, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.",
  "citation": "AdvisorCensus. Capital Wealth Advisors, Ltd. (CRD 155263): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Capital Wealth Advisors, Ltd. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Capital Wealth Advisors, Ltd. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "What does Capital Wealth Advisors, Ltd.'s brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 25, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Capital Wealth Advisors, Ltd. located?",
      "a": "Capital Wealth Advisors, Ltd.'s principal office is in West Bend, WI, according to its Form ADV."
    },
    {
      "q": "Is Capital Wealth Advisors, Ltd. registered with the SEC or a state?",
      "a": "Capital Wealth Advisors, Ltd. is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 155263."
    },
    {
      "q": "How much does Capital Wealth Advisors, Ltd. manage?",
      "a": "Capital Wealth Advisors, Ltd. reports $126,107,540 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary)."
    },
    {
      "q": "How have Capital Wealth Advisors, Ltd.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Capital Wealth Advisors, Ltd.: Regulatory assets under management: $111,471,089 in the October 2021 data and $126,107,540 in the October 2026 data, up 13%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Capital Wealth Advisors, Ltd. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (147); high net worth individuals (38)."
    },
    {
      "q": "Which custodians does Capital Wealth Advisors, Ltd. use?",
      "a": "Capital Wealth Advisors, Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Capital Wealth Advisors, Ltd. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/155263"
    },
    {
      "q": "Does Capital Wealth Advisors, Ltd. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 25, 2026 says: \"CWA does not require a minimum account size or minimum fee. The firm does, however, have the right to reject or terminate any account for any reason.\""
    },
    {
      "q": "What changed in Capital Wealth Advisors, Ltd.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $113,830,906 to $126,107,540 (+11%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 111471089.0,
      "total_employees": 2,
      "filing_date": "2021-02-08"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 122051175.0,
      "total_employees": 2,
      "filing_date": "2022-02-15"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 103343701.0,
      "total_employees": 2,
      "filing_date": "2023-02-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 106641597.0,
      "total_employees": 2,
      "filing_date": "2024-02-16"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 113830906.0,
      "total_employees": 2,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 126107540.0,
      "total_employees": 2,
      "filing_date": "2026-03-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $113,830,906 to $126,107,540 (+11%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 25, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "2% of assets a year",
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "None",
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Fees for Investment Management Services are calculated as a percentage of the total value of investments under CWA’s management. ... The maximum fee charged by CWA is 2.0%."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "CWA does not require a minimum account size or minimum fee. The firm does, however, have the right to reject or terminate any account for any reason."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: None"
        ],
        "quotes": [
          "CWA does not require a minimum account size or minimum fee. The firm does, however, have the right to reject or terminate any account for any reason."
        ]
      }
    ],
    "quotes": [
      "Fees for Investment Management Services are calculated as a percentage of the total value of investments under CWA’s management. ... The maximum fee charged by CWA is 2.0%.",
      "CWA does not require a minimum account size or minimum fee. The firm does, however, have the right to reject or terminate any account for any reason.",
      "CWA does not require a minimum account size or minimum fee. The firm does, however, have the right to reject or terminate any account for any reason."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/capital-wealth-advisors-ltd-west-bend-wi-155263.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 147,
      "fewer_than_5": false,
      "raum": 58268577.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 38,
      "fewer_than_5": false,
      "raum": 67838963.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/155263",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}